Hudson Edge Investment Partners Inc. Has $129,000 Holdings in LKQ Co. (NASDAQ:LKQ)

Hudson Edge Investment Partners Inc. trimmed its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 24.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,100 shares of the auto parts company’s stock after selling 1,000 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in LKQ were worth $129,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LKQ. Rothschild Investment LLC acquired a new position in shares of LKQ during the 2nd quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. grew its holdings in LKQ by 40.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 777 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 225 shares during the last quarter. Quarry LP raised its position in shares of LKQ by 65.1% in the fourth quarter. Quarry LP now owns 900 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 355 shares during the period. CVA Family Office LLC lifted its stake in shares of LKQ by 54.2% in the first quarter. CVA Family Office LLC now owns 825 shares of the auto parts company’s stock worth $44,000 after buying an additional 290 shares during the last quarter. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of LKQ by 29.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,211 shares of the auto parts company’s stock worth $50,000 after buying an additional 278 shares during the period. 95.63% of the stock is currently owned by institutional investors.

LKQ Stock Performance

Shares of NASDAQ LKQ traded down $0.75 during mid-day trading on Friday, hitting $39.98. The company had a trading volume of 1,645,753 shares, compared to its average volume of 1,772,233. LKQ Co. has a 12 month low of $35.57 and a 12 month high of $53.68. The firm has a market cap of $10.67 billion, a P/E ratio of 12.98 and a beta of 1.29. The business’s 50-day simple moving average is $41.58 and its 200-day simple moving average is $45.03. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.75 and a quick ratio of 0.70.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The firm had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.87 billion. LKQ had a return on equity of 15.33% and a net margin of 5.03%. LKQ’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 EPS. As a group, analysts predict that LKQ Co. will post 3.6 earnings per share for the current fiscal year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Thursday, August 15th. LKQ’s dividend payout ratio is 38.96%.

Insider Transactions at LKQ

In related news, SVP Matthew J. Mckay acquired 2,500 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were bought at an average cost of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares of the company’s stock, valued at $3,763,132.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Matthew J. Mckay acquired 2,500 shares of the business’s stock in a transaction on Monday, July 29th. The stock was bought at an average cost of $39.75 per share, with a total value of $99,375.00. Following the completion of the acquisition, the senior vice president now owns 94,670 shares in the company, valued at $3,763,132.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrew C. Clarke bought 7,600 shares of the stock in a transaction dated Friday, July 26th. The stock was purchased at an average cost of $39.70 per share, for a total transaction of $301,720.00. Following the acquisition, the director now owns 10,519 shares in the company, valued at approximately $417,604.30. The disclosure for this purchase can be found here. In the last three months, insiders acquired 12,600 shares of company stock valued at $500,870. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of LKQ from $54.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Barrington Research restated an “outperform” rating and set a $60.00 target price on shares of LKQ in a research note on Thursday, July 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $65.00 price target on shares of LKQ in a research report on Thursday, July 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, LKQ presently has a consensus rating of “Moderate Buy” and an average target price of $60.80.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.